Answer:
Mexico
Mexico has a comparative advantage in producing computers because it has a lower opportunity cost when compared with US
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.
The opportunity cost of Mexico producing computers = 3/15 = 0.2
The opportunity cost of the US producing computers = 2 / 4.5 = 0.44
Therefore, Mexico has a lower opportunity cost when compared with US.
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Answer:
Plans for a project.
Explanation:
Mind Mapping is a creative way to brainstorm the ideas, thoughts, etc. Mind mapping is a visualized way of organizing information, tasks, words, concepts, etc around the central idea. Mind mapping uses diagrams to organize thoughts, ideas, concepts, etc.
In businesses, mind mapping is used to make plans necessary for actions, brainstorming ideas, solving problems, etc. From the given options, the aid provided by a learning mind map would be 'plans for a project.' Mind mapping helps to make plans of actions and would aid any organization in the same.
So, correct option is D.
45 quarters +120 dimes = 165 coins
45(.25) + 120(.05) =
11.25 + + 12.00 = 23.25
There are 45 quarters and 120 dimes.
Answer:
Rational Consumer Jim will consume at utility maximising Consumer Equilibrium product combination : 4 Units of Nuts , 8 Units of Apples .
Explanation:
Consumer is at equilibrium where : Budget Line is tangent to Indifference Curve & hence their slopes are equal i.e MRS (NA) = P(N) / P(A)
As per qstn given details : A / N = 10 / 5 implying A/N = 2 i.e A = 2N
Putting this in Budget Constraint: Price of goods x Quantity of goods = Income
[P(A) x Q(A)] + [P(N) x Q(N)] = Y
10A + 5N = 100
10 (2N) + 5N = 100 <em> [</em>S<em>ince A = 2N] </em>
<em>20N + 5N = 100 </em>
<em>25N = 100 </em>
<em>N = 4 ; A = 8 [Since A = 2N] </em>
we need options to know what words to select